ARTICLE · 07 JULY 2012

$10 billion in renewable energy funding available from next year - 5 Jul 2012

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Up to $10 billion is to be invested in renewable energy, low emissions and energy-efficient technologies.

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By Michele Muscillo, Partner and Gavin Batcheler, Senior Associate

Up to $10 billion will be invested in renewable energy, low emissions and energy-efficient technologies under the Clean Energy Finance Corporation Bill 2012, passed by the Senate late last month.

The Bill establishes the Clean Energy Finance Corporation, which will invest in renewable projects from 1 July 2013 until 2017. Companies engaging in renewable energy projects will be able to apply for funding from the Corporation, which will focus on renewable energy using hybrid technologies or low-emissions efficiency energy.

Here, partner Michele Muscillo and senior associate Gavin Batcheler outline the Clean Energy Finance Corporation's focus and criteria for funding.

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